Recent months have seen a significant increase in attacks on tankers in the Strait of Hormuz, reaching levels reminiscent of wartime. Reports indicate that vessels are being struck by unknown projectiles, with varying claims from the Iranian Revolutionary Guard Corps (IRGC) regarding the reasons for these assaults. Multiple incidents have been documented, including an LPG carrier that caught fire and an explosion linked to a naval mine. These strikes are contributing to a tense atmosphere in the region, leading to a decrease in oil tanker traffic and fluctuations in oil prices. As Iran expands its operations further into the Gulf and threatens to block key shipping routes, fears about the stability of energy supplies grow, prompting responses from countries such as India and the UK, which have condemned the attacks. With shipping stocks experiencing volatility and oil prices remaining elevated, the ongoing situation reflects a complex interplay of geopolitical tensions and economic impacts that are likely to continue.